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Gold price at risk of falling, oil and USD going down

VietNamNetVietNamNet27/11/2023


At the end of the trading session last weekend, November 25, the price of SJC 9999 gold bars in Ho Chi Minh City was listed at 71.3 million VND per tael for buying and 72.3 million VND per tael for selling. Meanwhile, the price of SJC 4-digit 9 gold bars was listed in Hanoi at 71.3 million VND per tael for buying and 72.32 million VND per tael for selling.

DOJI gold bar price in Hanoi closed on November 25 at 71.2 million VND per tael for buying and 72.3 million VND per tael for selling.

The international spot gold price on Kitco closed last week at $2,000.3 an ounce. The gold futures price was at $2,023 an ounce.

Gold prices today, November 27, on the international market are warned by experts that they may face risks when investors sell off to get money to liquidate stocks at the end of the year.

On the stock market , in the last trading session of the week, November 24, VN-Index increased by 7.12 points, to 1,095.61 points. HNX-Index increased by 1.56 points, to 226.1 points. Meanwhile, UPCoM-Index increased by 0.04 points, to 84.99 points.

usd price fb.jpg
The international USD price is likely to go down. (Photo: Bloomberg)

The central exchange rate between the Vietnamese Dong and the US dollar announced by the State Bank on November 24 was 23,927 VND/USD. The USD price at commercial banks on November 26 was listed around 24,050-24,420 VND/USD (buy - sell).

The world USD price fell sharply last week. The world USD price continued to fall at the end of last week. The DXY index - measuring the strength of the USD compared to 6 major currencies - ended last week at 103.42 points, down 0.49% compared to the previous session.

Today, November 27, the international oil price may continue to decline following the downward trend from last week. Last week, the world oil price experienced its fifth consecutive week of decline. Overall, last week, Brent oil price decreased by 0.1% and WTI oil price decreased by 0.7%.

Oil prices last week were influenced by information about the meeting of the Organization of the Petroleum Exporting Countries and allied oil-producing countries.

In the domestic market, the selling prices of gasoline and oil today, November 27, are applied according to the prices at the management session on the afternoon of November 23 of the Ministry of Finance - Ministry of Industry and Trade. Accordingly, the retail prices of gasoline and oil are adjusted down.

Specifically, the price of E5 gasoline decreased to 21,690 VND per liter. The price of RON95 gasoline decreased to 23,020 VND per liter.
While diesel price dropped to 20,280 VND per liter, kerosene price dropped to 20,940 VND per liter.



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